3004 & 4000 Meadow Lake Dr • Hoover, AL 35242

Year Purchased: 2022
Purchase Amount: $4,500,000.00
Equity: $2,150,000.00

Meadow Lake was purchased in June 2022 and is a 34,661 square foot multi-tenant retail/office center located in Hoover, AL. Built in 1999, the property boasts a strong group of e-commerce resistant tenants. With a diverse tenant base and a desirable, high-traffic location, Meadow Lake Business Park is well positioned to capitalize on the growth of the surrounding Hoover area. The 82% occupancy at closing offered our investors the prospect of current cash flow stability combined with upside from future leasing and planned rent increases.